Gold and Bitcoin Reign as New Global Reserve Assets, Says Arthur Hayes

• Gold and Bitcoin emerge as leaders in the new financial order
• Shifts in US deficits could reset global reserves
• Potential Bitcoin Delinking from Nasdaq Highlighted

Arthur Hayes, founder of BitMEX and prominent cryptocurrency investor, recently stated that gold and Bitcoin are supplanting US Treasuries and stocks as the top reserve assets around the world.

In a new post on the social network X, Hayes analyzed Donald Trump’s election, attributing part of his electoral success to the discontent of Americans who felt left out of prosperity since the abandonment of the gold standard in 1971. Hayes speculates that a possible reduction in the U.S. debt and current account deficit could force other nations to finance their own economies by selling off American assets. Such a shift could redefine the global financial order.

Hayes warns: “THE END: Of U.S. Treasuries and, to a lesser extent, U.S. stocks as the global reserve asset. If the U.S. current account deficit is eliminated, foreigners will have no dollars to buy bonds and stocks. If foreigners have to fuel their own nations’ economies, they will sell what they own, U.S. bonds and stocks, to finance their nation-first policies.”

THE END:
Of US Treasuries and to a lesser extent US stocks as the global reserve asset. Since Nixon took the US off the gold standard in 1971, US treasury outstanding debt grew by 85x. The US had to create the credit dollars necessary for the growth in the world economy. This was… pic.twitter.com/sR9p2lwK47

- Arthur Hayes (@CryptoHayes) April 5, 2025

Furthermore, he predicts a major rally for gold and Bitcoin in this new scenario. “THE RETURN: Of gold as a neutral reserve asset. The dollar will still be the reserve currency, but nations will hold gold reserves to settle global trade. Trump implied this because gold is tariff-free! Gold should flow freely and cheaply in the new global monetary order.”

For those looking to adapt to the new financial order, Hayes recommends: “For those who want to adapt to a return to pre-1971 trading relationships, buy gold, gold miners, and BTC.”

Furthermore, he suggests that Trump-driven economic policies may have finally decoupled Bitcoin from the Nasdaq. Hayes explains: “BTC holders need to learn to love tariffs, perhaps we have finally broken the correlation with the Nasdaq and can move on to the purest form of a fiat liquidity smoke alarm.”